The crypto exchange said it was laying off 700 employees as part of a restructuring effort to trim costs and streamline operations.
Coinbase will cut roughly 14% of its workforce, citing a combination of market volatility and the how AI is quickly changing how the company operates.
Crypto-related stocks surged on Monday after news of a deal on a key stablecoin provision in the Clarity Act, a U.S. crypto bill that has been stalled in Congress for months.
Coinbase is cutting 14% of roles at the company, its CEO Brian Armstrong said. In a Tuesday X post, Armstrong said the cuts were to "be leaner, faster, and more efficient for our next phase of growth.

Coinbase to cut about 14% of workforce

07:04am, Tuesday, 05'th May 2026
Coinbase ​said ‌on ​Tuesday ​it ⁠plans ​to ​cut ​about ​14% of ‌its ⁠global ​workforce.
Shares of digital asset-focused firms rose Monday (May 4) after lawmakers reached a compromise on the CLARITY Act crypto bill over the weekend, CNBC reported Monday. The shares making gains on Monday
Coinbase Global COIN is set to report first-quarter 2026 results on May 7, after market close.  The Zacks Consensus Estimate for COIN's first-quarter revenues is pegged at $1.5 billion, indicating a
Coinbase (NASDAQ:COIN | COIN Price Prediction) stock currently trades around $191, while Wall Street's average price target sits at $241.
Coinbase Global Inc (NASDAQ:COIN) stock is moving higher Monday, last seen up 6.5% to trade at $203.82.
Besides Wall Street's top-and-bottom-line estimates for Coinbase Global (COIN), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during
Live Updates The analyst who called NVIDIA in 2010 just named his top 10 AI stocks This analyst's 2025 picks are up 106% on average. He just named his top 10 stocks to buy in 2026. Get them here FREE.

Wall Street Week Ahead

06:51am, Sunday, 03'rd May 2026
Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m.
Coinbase said on Friday a deal has been reached on a key provision in a landmark crypto legislation that could clear the ​path for the bill to move forward in the U.S. ‌Senate.
John D'Agostino, Coinbase's Head of Strategy, joins Schwab Network to discuss current stablecoin adoption as well as its overall crypto as a service offering. He describes the blockchain infrastructur
Bitcoin gained 12.7% in April, registering back-to-back monthly gains and its best month since April 2025. The run was driven by leveraged trading activity in the derivatives market while demand for t
Click to get the best stock tips daily for free!

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE